New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-01-06
-. .c1nnMY LIKELY TO BE SOLD
,,,o,os REACHED BY THE DIRECTORS


VIII. BE CONSULTED AGAIN.
THE nunu THE DIRECTORS HAVE suAt fv w.. ~ .h.
THooun an,,..d by the directors, quo 'a'o VI '.''
As hau oo ,s,.o Vas practically seaioa yo'...--'
Academy VI 49, =, more than thirty years. ~Ss
A'0 ..i, +. question OF mon'n' 40 " s., n,.,or,
soo' 70 .ucb will exist THO sP"' 'o"u or,,.,io
,,,uuphs Of aris ana soa'ak ~" - na tnrped
S;.n.,.c. OF Patti. may po's'o' Wv rh. Aca, fanny OF
pir'nP ,rv a hotel or an armory' Auo =, mt
into ia0, "a IN te sold at auction. unless rs 10
hufo' - hla xns dill ectOrs Thereon cuank'
at all prooA'''' Wv
august minds. or 9, January, there
v..,or,ay being tho first wednesday ~ arsc,oys
go ,ha regular anatterly meeting VI u0'
,.d,,,cs TO the calls sent out ny ot %, and
s,u,,nv seven members OF the o'ara "a IN. nm
.hs,, way TO the directors room az ., mast
'e ,.a s,ybt vss therefor seen OF Quorum .. W y
WOMB" 81 d,-.ct,rS Those present we're w. D
!ns " Ionn Hoey. Clarence A. Seward he'. ~
p"o |,nr,.. A. Cor toit. Edward BRANDON anu '"
.s,.,as hss,lss. Of oourse, secretary A. -
~. wsre admitted to the nee"us '"0 .oov.
os,xsd 70 the circular sent out rece""' W T., ruv
So, ,.r. CODY of which was at the time en-.
ry,p,Sr II wss found that at least my w ,.,..a tho
.,ocx wa, reI resented in the -epho' n.vmsnt Of
leasing OF the Academy. III p'ei0'''
.nuareutly endlss, assessmen,e q .nsciss
w. r,,,.n replies. which were taken as speeieS
-, ''ra,v rho verbal communications ina"0 :" wv
d, ectors personally AMI r .ss on. o. tts 2O0
urs.rnt. nearly lo0 snsres GUY I,sa,mr wsre rep
~ the meeting yes erday Iqs
hy no prolonged one s,sS, With tue board than
p f anV other msmDer. oke with no uncetau h "0
He led with dsfavor on tue plan Oh s oninon
liz hrt,rr coutse would Do to Sell tho prtory
ii dia not lake much sreument 20 ,tr ssrvsd nv
.,,r mar their I'M rre,ts would Do better so.ou
or rs tssn by leasing When the sale 10 SPOKEN oi
Il mi, a. bs reuemrred tnnt tho.eh ~ nus w %
acsdrmy Lrs moi Insignificant MORTGAGE OF y. anu %
~ sse Of the Academy therefore means the Sale VI 'uo
01 vas iae,her decided at yes.erdays meeting tna.
though the direstors full power would PERHAPS
sa,sfy tho stockholders Lore conpS,ey II ~ u.s.
further cunsulted In the matter ine sorrraaJ ntn
Instructed 10 prepare ano'hs circuiar wnis
he viii send IT, the stocknolders hs LII IT puWc
auction hut precise date OF the sale Is not ye'
"p hs Aracmy was originally built In s5t by p.rty
~ Observation-Disclosures, hraded BY James Phaien, VINO
secured all sct incorporation under the ulle "c
ASsus~ was Included but crrled out Tine old
bung orensd on October =: unae, tSe manage ,n
which Mario and Grisi sang From that time until II
DESTRUCTION by hrs in 1865. tho Aca'emy proved Tue
Sn,ncla ruin Of all who attempted its management In
ciIug Msretzek Thalbery trakos:h Paine ano fn"isn
and Colt The house. was ill-1es,gned ana tne sto'x
holders privileges inierfeed with the managers 'us'
On May %. 1885, the bnIdinc was totally DESTROYED
nv fire as were ne srurtures Immediately adjoining H.
II had cost least $400O00 AMI the siocshoders were
partially reimbursed by an Insurance OK Sioo.oVo
THY Immediately set to work and onllt tue existing
house which was in every way vast Improvement "n
lis pre,ec-s or II at the time onr OF the ar-esi
and bandsomest theaire buildings IN TIT country. ana
even now 10 considered Of tine mos perfeci acons
cally aud regards the signe,s the 9rehitrc, was
Mr. jackson, who recently suerintenied the redecoia
ton ami alterations, conducted at cost OF about
$4,000 - ...
The fortunes OF the Academy have OF courss 6ucin
atea but until tina present IL has been irly prom
table rce OF property, not taking into account the sums
paid by tue kboders for tie privilege OF allowing
Colonel J ,Ines II. Mapesou 20 give italian Opera
Tue Acadrmy enearsd TO New ioiSers not only by
lis musical les but by the remembrance OF famous
IN elngs poitio 4, aud otherwise which have been he'd
within its walls